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Updated over 2 years ago on . Most recent reply

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Danny Banda
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Buying with equity, need help

Danny Banda
Posted

I purchased a business in 2019 that included a single family home as a package deal, long story short I sold the business while keeping the single family house as rental property. The rental property is paid off in clear during the process of selling of my business. I'm debating in taking the equity out to purchase additional investment property's? I'm stuck in which route to take weather it be doing refi, HELOC, Home equity loan for which option works best for me? Secondly should I purchase multiple property's with the equity or buy a property in full with the equity? Somebody lead me in the right direction here?

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